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Kelley Weimer Preble County Ohio Real Estate & beyond

Is there something wrong with competition?

What ever happened to the term "friendly competition"? Is this a phrase people are afraid of now?

One thing is for sure in this ever changing market; many agents have made the switch from one brokerage to another. Some for the money, some for the training, some for the hopes of increased sales, and some because the brokerage they were in couldn't make it in this new phase of real estate. And those are all legit reasons. Many more agents are sitting back, maybe contemplating a change, and waiting to see what the best option might be. I'm OK with all of this. Shoot, I'm not a stranger to a brokerage switch myself. But I see many brokers preying now on this situation. Circling over the weakening competition to grab up the good agents before there are just crumbs left to pick from. Well, I suppose this is OK in given situations.

But here's what I don't get...seems to be a new mindset in some broker/owners today to completely decimate the competition. Which begs the question; WHAT'S WRONG WITH SOME COMPETITION?

Frankly, I don't believe any brokerage should be the ONLY choice for a consumer. There are societal AND economic dangers inherent in monopolies. The dangers of allowing one company to assume supremacy over a market frightens me, and yet, the prospect seems to excite some. Lets be the "only office the public can call". Lets be the "only choice any buyer or seller has". NO THANKS!

I'm all for having a good team of agents in my real estate office. I'm NOT all for having no competition out there to go up against. First of all, when no one is left but colleagues within my own office, how ugly will this get? It could get pretty bad, going to a listing appointment knowing the person I'm up against works in the office right next to mine.

Secondly, it would make me rusty. Part of the excitement of getting a listing, or obtaining a new buyer, is knowing that I worked hard for the business and I possibly beat out someone else. It keeps me on my toes. It makes me stay educated on what other companies are up to. And, its fun. I work hard to keep a good rapport with every agent in my little Preble County community. But at the same time, every agent out there knows that when the time comes for business to be done, my game face is going on, and may the best woman, or man, win.

So whats with the urge to just shut down the competition altogether?

Its fun to win the race, but gee, it sort of loses its appeal if I dont have anyone to race against.

men running a race

Kelley Weimer, a house "SOLD" name!

www.buypreblecounty.com

Should a Home Inspector "HOLD" the report until payment?

This might be a controversial subject, but I'm willing to take the risk. Mind you, the Home Inspector in question here is my own family member, so I'm REALLY taking a risk.. But the question begs to be asked.

Here's how the scenario played out:

September 9 2008: I ordered a full home inspection/pest inspection for an out of town client, on a bank owned home in my own neighborhood. The inspection was completed, results given to myself and my clients, and the invoice given to me. I asked the home inspector how she would like to be paid and was told to "have it be paid at closing". Fair enough so far.

October 15 2008: This is supposed to be the close-by date. I had sent the invoice over to my Title company a couple weeks ago. Well, some sticky issues regarding financing are raised. So my clients file for an extension on the closing date, for November 1 to be safe. The bank says OK, and the home inspector also says "OK".

November 1 2008: This sucker ain't gonna close. Its an A-Frame house and there are NO COMPS.

November 5 2008: Yep, the deal is dead and I am now searching for a new home for my clients, with a couple of good possibilities. I go ahead and mail the home inspection invoice to my clients (across country) and tell the home inspector that I have done so, and to expect payment shortly.

November 8 2008: We've found a new house already and have a contract worked out. My clients would like to close ASAP and ask that a home inspection be done QUICKLY! I agree. It is another bank-owned and time is of the essence. So I call the same inspector at the request of my clients. The inspector says to me "Yes, I'll do the home inspection but I might hold the results until I get paid for the last inspection" Huh??

November 12 2008: Mind you, this is about 7 days since I mailed the inspection invoice. My clients HAVE received it, but just yesterday. It takes a little while for mail to get from Ohio to the West. So they now have the invoice and have written a check and are putting it in the mail TODAY. I know full and well they are good for it, based upon my knowledge of their situation.

November 13 2008: The inspection is done today and the home inspector/family member comes to my house afterwords. I ask "So how did it go?" And the answer? "Well, I'm not going to tell you until I get paid for my last job". Frankly, I didn't know what to say except.."The check IS in the mail, and honestly, I didn't get paid for MY last job at all, but that's the nature of this business".

November 16 2008: My clients are calling me, asking where the inspection is and how did it go? How embarrassing. I actually have to say to them that I cant tell them until the home inspector gets her hands on the check from the last job. I am FED UP. This is a bank owned property. There are only so many calendar days in which my clients have a legal right to argue something in the home inspection. And my inspector is holding up this process. So I call her and tell her I HAVE to have the inspection TODAY or I will have another inspector out there this afternoon to do the job, and she won't be paid for this one either.

Tell me...do you think I was in the wrong? Did the home inspector have the right to withhold the report? I feel that I was taken advantage of due to being "family" to this inspector. I cant imagine she would have tried this with any other agent in my office.

Just looking for opinions on this one. Thanks!

Kelley Weimer, a house "SOLD" name!

www.buypreblecounty.com

My Broker has horns and a tail

Well, that's what the competitors think anyways. I tend to disagree.

See, this is a time of change. A changing market, changing bank accounts (boo!) changing Presidents, changing options for financing, and, LOTS of real estate office changing. I myself started off the year with a brokerage change. This was NOT an easy decision, but one that HAD TO BE MADE, for the sake of my business, and frankly, my sanity.

So I looked into lots of different companies. And the one I REALLY had an interest in, that's the one I heard the most horrible things about. Including; the broker has horns and a tail. Many, many people (admittedly, former broker and associates) told me the office I was considering should be the LAST place on earth I would ever work for. I was warned to take a good look at the reputation of the office, and the agents. So I did. I watched, and I interviewed, and I made a very deliberate decision. And I still went there.

Its been almost a year now, and to my delight, the experience has been nothing but positive. Oh, I wont lie and say sales have been off the charts. The market here in Ohio has taken a hit much like the rest of the nation. But the people? Really welcoming and professional. And my broker? If she has horns and a tail, she's done an awfully good job of hiding them.

Which leads me to why I bring this up...this evening I met up with a really sweet husband/wife team from a competing office. They have been considering switching over to mine, but had heard a lot of horror stories about the "reputation" of our agents and broker, and wanted to get the scoop from me.

Seems they have been told the broker bears a certain likeness to the devil...

Devil

I really don't see the similarity.

This just has me thinking about the lengths some people will go to in order to keep agents within their walls. I know, I know, good agents, REAL GOOD AGENTS, are hard to come by, but to using fear as a tactic to keep agents in their place really leaves a bad taste in my mouth. Whats worse is the knowledge that at one time, I was that gullible agent. Wanting so badly to make a change, yet so very afraid due to the horrific stories I had heard from my then-broker and colleagues. It embarrasses me that I could be so easily influenced.

The only thing I could think to tell this husband/wife team sitting in exactly the same seat I was in a year ago is this..."If your current broker has nothing better to do than bad mouth other Realtors and other companies, it certainly speaks volumes to his own character and business values." There's REAL ESTATE to be done out there people!!! And this guy just sits around talking trash about competitors??

Hopefully they will be joining our ranks soon, working hard, learning much, and not tripping over any tails at all!

Kelley Weimer, a house "SOLD" name!

www.buypreblecounty.com

In praise of cold weather!

Maybe I should have been born an Eskimo. I LOVE the cold weather.

Person in the cold outdoors

Luckily for me, living here in Ohio I get a good bit of it, like from October to March. By 5;30 now, it's dark outside, and most nights I am here at home, cozied up by the buck stove. Nice!! Its too dark to show houses, soccer season is over for my son, and I can finally take advantage of some nights at home.

BUT, there are other advantages to this time of year. Ever notice how some agents just take off from Turkey day till the New Year? Not me! December will be a working month for me, because frankly, much as I do love Ramen noodles, I would like to eat something else now and then, and that requires CLOSINGS! Same with paying off the Christmas bills. And yes Virginia, homes do sell in the winter!

In fact, MOST houses look pretty darn nice in the winter, with all the holiday trimmings up, and fireplaces lit. You can't notice the piles of dog doo in the yard, or the crab grass, or giant mole hills overtaking the yard, because its all nicely covered by beautiful blankets of snow. That toilet out in the front yard used as a "decorative flower pot" looks just a little bit cheerier with the string of Christmas lights around it. The shimmery glow of millions of tiny lights hanging here and there does a remarkable job of hiding those double wides...add a few plastic reindeer and my buyers hardly take note of the chicken coop partially blocking the front door.

Ahhh wintertime...

Kelley Weimer, a house "SOLD" name!

www.buypreblecounty.com

The roller coaster that is my career

This is how last week started...roller coaster

See the people in the front, screaming their heads off? Yep, that was me.

On Monday: Deal 1: 50 k house, 20% down. Sounds pretty easy right? Well, add in A-Frame home. Uh-Oh. All bets are now off. There is NOTHING to compare the home to. We went back 2 years. NOTHING. So it's not looking good and I'm heading down the hill. I'm afraid it might be a big one.

Tuesday: Deal 2: This poor house. The poor sellers. A cute as a bug brick ranch. Been under contract 3 times before. 3 TIMES! So I finally have it under contract again, for the 4th time. First call of the morning is from the buyers agent: "Hey Kelley, this doesn't look like its going to happen..." I am now gaining momentum and heading down the hill faster. I can't see the bottom at this point.

Wednesday: Ahh, there it is. The bottom. A listing lost. Reason? The market is bad so let's just rent the house out till spring. Believe me; I pulled out every thing I could think of out of my bag o' tricks, but to no avail. I'm pretty much full throttle down the hill at this point. And I don't have a seatbelt!!

Thursday: What's this? A bend in the road? A call out of the blue today to list a home. A GREAT family home here in Eaton, Ohio. From someone in my sphere. Someone I don't have to go in and give the presentation to. Someone who specifically wants ME. I think the ride is changing. And I'm starting to like it.

Friday: YES! I LOVE roller coasters! They rock! A new buyer looking to purchase a second home in Lakengren OH, brought to me courtesy of? My ACTIVE RAIN BLOG! AND, another new listing brought to me courtesy of? You guessed it.

So on my weekends I chow down on corn dogs and funnel cakes, and get ready for my next ride.

It IS a roller coaster business, and I wouldn't have it ANY other way!

Kelley Weimer

A House "SOLD" Name!

www.buypreblecounty.com